1991 (12) TMI 39

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....ajele, Adv. JUDGMENT V.A. Mohta, J. 1. At the instance of the assessee, the following question of law is referred for the opinion of this court under section 256(1) of the Income Tax Act, 1961 : "Whether, on the facts and in the circumstances of the case, the claim for deduction levied under section 220(2) of Rs. 6,03,168 interest levied under section 215 of Rs. 1,38,506 and inte....

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....w of this court right from Aruna Mills Ltd. [1957] 31 ITR 153 (Bom) to CIT v. Ghatkopar Estate and Finance Corporation (P) Ltd. [1989] 177 ITR 222 (Bom) . The Delhi High Court in the case of Bharat Commerce Industries Ltd. v. CIT [1989] 180 ITR 37 (Ker), have also taken the same view. Very fairly, Shri Bhide, learned counsel for the assessee, informs us that there is no decision which has taken a ....